Spanish football clubs buck trend and make profit despite Covid-19 June 22, 2021 Spanish football clubs bucked the trend by making a collective profit last season despite the impact of Covid-19. LaLiga, which encompasses the top two divisions of men’s football in Spain, reported a profit of €77m for 2019-20. Revenue grew 3.6 per cent year on year to just over €5bn, although net debt grew from €2.6bn [...]
England 0, Scotland 0: Gareth Southgate needs to find a solution to – or a replacement for – worryingly peripheral Harry Kane June 18, 2021 On a night of full-throated support from both sides of football’s oldest rivalry, perhaps the biggest cheer came in the 63rd minute. That was when Jack Grealish, England’s maverick talent, came off the bench as the hosts searched for a breakthrough against Scotland. The cheers reflected Grealish’s elevation to cult hero status, but also a [...]
US Open prize money 2021: How much can the stars of men’s golf win at Torrey Pines? June 17, 2021 US Open prize money reflects the event’s reputation as perhaps the most difficult of the four men’s majors. Whoever triumphs at Torrey Pines this week will take home a winners’ prize of $2.25m from a total pot of $12.5m. Those sums – frozen from last year – mean that US Open prize money remains the [...]
Premier League fixtures 2021-22: Manchester City face Tottenham Hotspur on opening weekend June 16, 2021 Champions Manchester City will begin their title defence at Tottenham Hotspur after the 2021-22 Premier League fixtures were announced today. Promoted Brentford welcome Arsenal to west London, while Manchester United host Leeds United. LIverpool visit Norwich City, Chelsea play Crystal Palace at Stamford Bridge and West Ham United go to Newcastle United. The new Premier [...]
Premier League clubs slip to record £1bn loss as Covid-19 hammers income from match days and broadcasters June 15, 2021 Premier League clubs suffered a record aggregate pre-tax loss of almost £1bn in 2019-20 as a result of Covid-19’s impact on football. The combined revenues of the 20 top-flight teams fell for the first time ever to £4.5bn, a drop of 13 per cent, according to Deloitte. A delay to the completion of the season, [...]
Morning Digest: What’s shaping the business agenda today June 10, 2021 Here’s what’s shaking up markets and the business agenda today. Still top of the (European) tree: The UK remains the globe’s second biggest financial services centre but Asian markets are closing fast – that’s the verdict of the closely watched index from New Financial. Brexit has punched a dent, but it doesn’t appear to be [...]
Six Premier League clubs fined £22m over failed European Super League project June 9, 2021 The Premier League has fined six English clubs who tried to join a breakaway European Super League a combined £22m. The rebel teams – Arsenal, Chelsea, Liverpool, Manchester City, Manchester United and Tottenham Hotspur – will pay £3.67m each. But they face fines of £25m per club and 30-point deductions should they attempt a similar [...]
Kevin De Bruyne named PFA Player of the Year for the second year running June 6, 2021 Kevin De Bruyne has been named men’s PFA Players’ Player of the Year for the second consecutive year. Manchester City team-mate Phil Foden won the men’s PFA Young Player of the Year award. Chelsea’s Fran Kirby was voted women’s PFA Players’ Player of the Year, while a third City player, Lauren Hemp, won the women’s [...]
Super League debacle shows value of putting purpose at heart of “building back better” June 6, 2021 When the London-based family investment firm I founded, Man Capital, recently acquired Right to Dream, a global football group that includes a premier league club in Denmark and a network of football academies in Europe and Africa, I was asked what kind of a “return” we would be seeking for this “investment”. The framing of [...]
Google’s melting crypto ice is a welcome birthday treat June 4, 2021 Monty recalls very little about birthdays past, but looks forward to Google relaxing its crypto stance.